Zain completes acquisition of top Kuwaiti tower company IHS

Zain Group Acquires Full Stake in IHS Kuwait

Zain Group, a telecom operator in the Middle East and Africa, has signed a definitive agreement to acquire IHS Holding

IHS Towers to sell 70% stake in Kuwait operations to Zain Group | VanillaPlus - The global voice of Telecoms IT

IHS Holding Limited has signed a definitive agreement to sell IHS Towers’ 70% interest in IHS Kuwait Limited including its approximate 1,675 sites and an additional approximately 700 sites managed The post IHS Towers to sell 70% stake in Kuwait operations to Zain Group appeared first on VanillaPlus - The global voice of Telecoms IT.

IHS Towers exits Kuwait as part of $1bn asset sale plan

Deal sees cash-hungry tower group offload Kuwaiti asset it bought only four years ago, in mark of turnaround of sector fortunes and strategy.

U.S.-Nigerian telecom mogul signs $230-million deal to sell Kuwait tower business to Zain

Key PointsIHS Holding sells 70% stake in IHS Kuwait to Zain Group for $230 million, pending regulatory approvals in H1 2025.The deal includes 1,675 telecom sites and 700 managed locations, valued at an enterprise multiple of 14.2x Adjusted EBITDA.IHS aims to strengthen its balance sheet by using proceeds to reduce debt, while Zain solidifies its dominance in Kuwait.IHS Holding, a global telecom infrastructure leader headed by U.S.-Nigerian telec…

IHS Towers Signs Agreement to Sell Kuwait Operations to Zain Group - QUICK NEWS AFRICA

IHS Holding Limited, (NYSE: IHS) (“IHS Towers”), one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count, has signed a definitive agreement to sell IHS Towers’ 70% interest in IHS Kuwait Limited (“IHS Kuwait”) including its approximate 1,675 sites and an additional approximately 700 sites managed … The post IHS Towers Signs Agreement to Sell Kuwait Operations to Zain Gro…